Shriram Properties Limited (SPL) reported a strong operational performance for Q2FY26, driven by robust sales momentum and new project launches, while financial results reflected a temporary deferment of revenue recognition due to regulatory delays.
During the quarter, SPL achieved sales volumes of 1.1 million sq. ft., up 39% QoQ, with sales value rising 55% QoQ to INR 685 crore. Cumulative sales for H1FY26 stood at ~2 million sq. ft., valued at INR 1,126 crore, up 19% YoY, achieving nearly 40% of its annual pre-sales target. Gross collections reached INR 388 crore in Q2 and INR 725 crorefor H1FY26.
Financially, revenue from operations grew 46% YoY to INR 205 crore, with total revenues at INR 229 crore. Despite deferred income recognition from project completion delays, profitability remained steady, with gross margins above 30%. Net profit for Q2 stood at INR 8.6 crore, while H1FY26 net profit rose 75% YoY to INR 29.2 crore.
SPL maintained strong liquidity, ending the quarter with INR 286 crore in cash and a low net debt-to-equity ratio of 0.29x. Credit agency CRISIL reaffirmed SPLโs rating at A(-)/Positive, underscoring its financial prudence.
With five new projects added in FY26 and more in the pipeline, SPL expects accelerated growth in H2FY26 as regulatory issues normalize.
Commenting on the results, Gopalakrishnan J, Executive Director & CEO, said, โQ2 was operationally encouraging with strong growth. With transitionary issues easing and a robust launch pipeline, we expect a healthy rebound in H2 and remain confident of meeting full-year targets.โ
